Land for sale

Vertical farming, also known as Controlled Environment Agriculture, enables the growing of plants all year round, with great potential for salad crops, flowers and even pharmaceutical crops.

The onsite farm shop enables a direct route to market, and the chance to develop and build a highly sustainable local business.

The opportunity could suit investors, existing operators in vertical farming, new entrants and research and technology developers.

Vertical farming offers an innovative and sustainable solution to food security and the ability to produce consistently high-quality crops without the disease risks associated with conventionally grown field-scale crops. The opportunity is well suited to help meet growing consumer demand for sustainable and locally produced food.

GUIDE PRICE: £550,000

Welwyn Garden City – 3 miles

Stevenage – 5 miles

St Albans – 9 miles

Hertford – 6 miles

A1 (M) Junction 6 – 2 miles

Method of Sale

The freehold of the property is offered for sale by private treaty as a whole.

Description

A parcel of land extending to approximately 1.64 hectares (4.05 acres) on Danesbury Park Road with planning permission for the development of a vertical farm, including growing sheds, cold store and farm shop. The approximate areas of the consented buildings are:

Farm Shop – 60.00m2 (646 ft2)

Growing Buildings – 427.20m2 (4,598 ft2)

Coldstore & Workshop – 112.44m2 (1,210 ft2)

Planning

The property lies within the Green Belt. Planning permission (reference 21/03122/FP) was granted by North Herts District Council on 2 March 2022 for the ‘Erection of four detached buildings to facilitate sustainable vertical farm including cold storage area for distribution and farm shop.’ Further details are available in the Weldon Beesly data room

Services

Water and electricity are available nearby subject to usual utility connection requirements.

Searches

Environmental and local authority searches have been carried out and are available for inspection in the Weldon Beesly data room.

Tenure and possession

The property is available with vacant possession on completion.

Overage

The property is being offered for sale subject to overage provisions. In the event planning permission is granted for residential development within a period of 30 years, the Purchaser(s) shall pay to the Vendors 30% of the uplift in value to which the planning permission gives rise. Further details are available in the draft Heads of Terms in the Weldon Beesly data room.

Exchange of contracts and completion

Contracts to be exchanged within 28 working days of the issue of a draft contract by the Vendor’s solicitor. A 10% deposit will be payable on exchange of contracts with completion on a date to be agreed.

Anti-Money Laundering

In accordance with the most recent Anti-Money Laundering legislation the purchaser will be required to provide proof of identity and an address to the selling agent once an offer has been submitted and accepted (subject to contract) prior to solicitors being instructed.

Easements, Covenants and Rights of Way

The property is sold subject to all existing wayleaves, easements, public or private rights of way, covenants and restrictions, whether stated in these particulars or not.

Data Room

Various additional information is available in our data room which can be found at weldonbeesly.com Property Portal.The username and password are both: Property

Viewing

Strictly by appointment with the sole selling agent Weldon Beesly (Ref: Hugo Richardson or Nathan Chapman). Although viewing is permitted at any time from the road.

Health and Safety

We would ask that you be as vigilant as possible when making any inspection, for your own personal safety and that of others.

Local Authority

North Hertfordshire District Council